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Wednesday, June 16, 2010

The Corruption of Capitalism: A strategy to rebalance the global economy and restore sustainable growth

I think a very interesting book. A must read for politicians and law-makers, but also for economists and other people who want to know about global economics.

A lucid and original argument about the causes of financial instability, including the continuing global recession; the book lays out a bold agenda for structural reform, national and international. Anyone who enjoys the company of an articulate, provocative, off-beat intelligence will want to read it. And pick a fight with it. --Professor Robert H Wade, London School of Economics

A lucid and original argument about the causes of financial instability, including the continuing global recession; the book lays out a bold agenda for structural reform, national and international. Anyone who enjoys the company of an articulate, provocative, off-beat intelligence will want to read it. And pick a fight with it. --Professor Robert H Wade, London School of Economics

An easy-to-read guide to understanding how and why the US response to its self-inflicted crisis addresses symptoms not causes. This is a timely call for radical steps to rescue capitalism from financial and governmental follies. --Philip Bowring, International Herald Tribune

Richard Duncan makes the case in the highly readable Corruption of Capitalism that US dollar cash is losing its purchasing power at an accelerating rate against other assets because of the Fed s expansionary monetary policies. You can print money, you can increase the supply of bonds, you can increase the supply of equities through new issues, but you simply cannot increase the supply of gold and other precious metals at the same rate.
Richard Duncan demystifies in this highly readable book the belief that the Fed solves problems when in fact it is directly responsible for the present crisis. The Fed s irresponsible monetary policies have led to a de-industrialization of the US, a complete misallocation of capital, a colossal destruction of wealth of the median household and to a significant loss of the US dollar s purchasing power. Corruption of Capitalism is a must read in order to preserve your and your children s wealth.
Richard Duncan s Corruption of Capitalism is a well researched book, which shows how monetary policy errors leading to excessive credit growth brought about the current crisis.
Full of interesting figures and insightful comments, Richard Duncan s Corruption of Capitalism is an excellent read, which will greatly broaden investors knowledge and help protect their wealth --Dr Marc Faber, The Gloom, Boom & Doom Report

An easy-to-read guide to understanding how and why the US response to its self-inflicted crisis addresses symptoms not causes. This is a timely call for radical steps to rescue capitalism from financial and governmental follies. --Philip Bowring, International Herald Tribune